GBPJPY Weekly Technical Analysis (15-19 June,2015) | June 13, 2015

Gbpjpy is continuing its bullish rally. With some retrace this pair is moving up for new high. If we find any bullish candle confirmation on h4 or daily chart, then we can go for buy from near term support level. This pair is looking for more new highs in coming trading days. So we can join with the ride of this pair. On weekly chart, a rejection bullish pin bar has been formed. So this candle is indicating bullish sign on gbpjpy. For long term target, this pair can go 200 level.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 194.25

Resistance One (R1): 193.07

Pivot Point: 191.01

Support One (S1): 189.83

Support Two (S2): 187.77